http://www.kitco.com/charts/livegold.html

cheers GF.

Chart looks brilliant.

Suprised about you Cyners.

Are you listening to other people these days?

From next year costs are expected to be less than $750 an oz compared to $950 now.
2517

no, i'm just out of love with POG having done too much dosh on it in the past

Yes George thats one of the points I picked up on. Problem is these total chartists like Cyners dont have the double edged sword like an all rounder who checks charts AND fundies.

oh you little tinker you!
just because i no longer like a stock (i'm very happy with BLT though) and you do :-)

LOL.

certainly gold back above 200 dma, though not quite sure why the enthusiasm
do i want to dabble in a gold specialist?
not really

POG have disappointed too much for me in the past though as a contrary move I'm buying gold as a hedge - far too many are bearish. Personally I think the bull run is intact and continue to like the commentary in MoneyWeek. Not that I feel brave enough to hold here mind.

POG going well this morning........take note Cyners.

OMI might be worth a look (gold producer).....market cap is so small...but is profitable..

Cheers RF will do.

so it is :-)

Nomura Neutral 85.25 85.25 90.00 100.00 Reiterates

Canaccord note from last week:
"The 36p price target lift comes from 2 areas. Firstly, as would be expected the higher gold price estimates make a substantial difference to our free cash flow estimates and ability of management to reduce net debt levels over the next few years.
Secondly since we last revised our estimates there has been a 14% devaluation of the Ruble vs the US$. Given that most of the operating costs are Ruble denominated this has a marked impact on unit costs and cash flow generation.
We have assumed a period of increased inflation through 2014 and 2015 of ~6% p.a. which limits the longer term benefit of the weaker Ruble and also assumes that through 2015 the Ruble/US$ rate returns from the current level of 36.5/1 to 32.5/1. The weaker Ruble adds some 27p to our risked NAV. Holding the Ruble forecast flat at 36.5 in perpetuity would increase our NAV from 180p to 280p, showing the leverage in the shares.
Looking forward we believe that news flow from management will largely be positive. We expect more detail over the nature of the additional oxide resources and by mid year a revised JORC statement. This, we expect, will allow management to make further progress in refinancing the outstanding convertible bond. Both events, we believe, would de risk the shares substantially."

Final Results

2013 Financial Highlights

· Group revenue maintained at c.US$1.2 billion (2012: US$1.24 billion), despite a decrease in the realised gold price

· Record gold sales of 736,300oz (2012: 703,200oz)

· Average realised gold sales price of US$1,519/oz (2012: US$1,670/oz)

· Positive contribution of US$107.7 million to revenue and US$146/oz to the average realised gold price from forward contracts of 444,292oz which matured during the year

· H2 2013 total average cash costs per ounce ("TCC/oz") of US$920/oz reduced from TCC/oz of US$1,157/oz in H1, with resulting TCC/oz for the year of US$1,016/oz (2012: US$875/oz)

· Central administration costs reduced to US$45.8 million (2012: US$60.7 million)

· Underlying EBITDA of US$325 million (2012: US$499 million)

· Loss from discontinued operations of US$199 million, including US$180 million of exceptional items, (2012: US$245 million)

· Net loss of US$713 million (2012: US$244 million loss), largely attributable to an aggregate of US$679 million of post-tax impairment charges and write-downs

· Net cash from operating activities of US$282 million (2012: US$272 million)

· Net debt reduction of US$115 million to US$948 million as at 31 December 2013

StockMarketWire.com
IRC - Petropavlovsk's non-precious metals division before being listed on the Hong Kong Stock Exchange - has announced that the General Nice further subscription and Minmetals Cheerglory subscription did not complete today as planned.

Talks are under way with Cai Sui Xin (the controlling shareholder and chairman of General Nice) and Minmetals Cheerglory about a further deferred completion and other available options.

A further announcement will be released in due course.

why does that sound like bad news?
because it probably is!

Oh dear, sorry skinners. On the other hand KAZ is on way up.,.

I dumped these a few weeks ago - having turned £s to pennies.

Well if Russia can replace Putin and stability returns and gold reverses the recent correction (which I think it is - still in a big bull run in my opinion and now's the time to be buying gold), then this could move sharply higher. High geopolitical risk.